CDFI Fund announced today that an additional nine bond loans, totaling $327 million, were guaranteed in fiscal year (FY) 2015, bringing the total guaranteed to date to $852 million. All of the bond proceeds, provided through the Community Development Financial Institutions Bond Guarantee Program (CDFI Bond Guarantee Program), will provide long-term, fixed rate capital for projects […]
CDFI Fund Announces $18 Million in Bank Enterprise Awards for Investment in Low-Income Communities
PRESS RELEASE FROM THE CDFI FUND, September 21, 2015: Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $18.1 million in grant awards to 83 FDIC-insured financial institutions for serving economically distressed communities across the nation. These funds are awarded under the fiscal year (FY) 2015 round of the […]
CDFI Fund Announces FY 2015 CDFI Program Awards
U.S. Treasury Awards More Than $200 Million to CDFIs to Spur Economic Growth in Low-Income Urban, Rural, and Native Communities Awards through the CDFI Program and NACA Program support CDFI lending and investment nationwide September 10, 2015 Washington – The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) awarded 195 Community Development Financial Institutions […]
CDFI Fund to Hold National Listening Tour
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced a national listening tour to solicit public opinion regarding a new strategic framework for the CDFI Fund. Intended to foster discussion and engagement among local community development leaders and practitioners, the listening tour will be co-hosted by CDFI Fund Director Annie […]
CDFI Fund Opens Application Period for FY 2015 CDFI Bond Guarantee Program
CDFI Fund Opens Application Period for FY 2015 CDFI Bond Guarantee Program Up to $750 Million in Bond Guarantee Authority Available The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2015 application period for the CDFI Bond Guarantee Program. Application materials are available on […]
Action Needed on FY 2016 CDFI Fund Appropriations
ACTION NEEDED ON FY 2016 APPROPRIATIONS As part of the annual budget and appropriations process, Members of Congress are given an opportunity to submit requests to the Appropriations Committee on behalf of specific federal program(s) or agency they support and would like to see funded at a specific level in the next fiscal year. Members […]
CDFI 20th Anniversary Report
20th Anniversary Report highlights CDFI Coalition’s Record of Achievement CDFIs Provided Financing to Over 6,500 businesses and Created 35,000 Jobs in 2013 Washington, D.C.— 2014 marks the 20th anniversary of the first Community Development Financial Institutions (CDFI) Institute, which will be held in our nation’s capital today and tomorrow. The event, hosted by the CDFI […]
Appropriations Cardinals Urge Budget Conference to Provide Topline for the Completion of Funding Bills
House Appropriations Chairman Hal Rogers, along with all 12 Chairs of the Appropriations Subcommittees, sent a letter today to the leaders of the Budget Conference Committee, urging them to come to viva video app download an agreement quickly on topline spending levels for annual funding bills. Read the letter
CDFI Fund Announces Opening of FY 2014 Round of FA and TA Programs
The CDFI Fund today announced the opening of its FY 2014 funding round for Financial Assistance (FA) and Technical Assistance Awards. While Congress has not yet finalized work on the FY 2014 budget including appropriations for the CDFI Fund, the Notice of Funds Availability (NOFA) released today is based on the President’s FY 2014 Budget […]
Senate Financial Services & General Government Appropriations Subcommittee Marks-Up FY 2014 Bill with $230 Million for CDFI Fund
The Senate’s Appropriations Subcommittee on Financial Services and General Government met this morning to mark-up the FY 2014 Financial Services and General Government Appropriations Bill. The bill approved by the Subcommittee includes $230 million for the CDFI Fund, which is $5.4 million more than requested by the President and $9.4 million above the CDFI Fund’s […]